Growth of the Mining Industry in Ethiopia
- The Trade Adviser
- Oct 24, 2024
- 1 min read
Updated: Jun 14
Ethiopia's mining industry is on the rise, with a rich history and significant potential for future growth. This article explores the various aspects of mining in Ethiopia, including its historical background, key resources, government policies, economic impacts, challenges, and future prospects. Understanding these factors is essential for grasping the current state and future direction of this vital sector.
Key Takeaways
Ethiopia's mining sector has a long history but is still developing, with gold being the primary mineral mined.
The government aims for the mining industry to contribute 10% of GDP by 2025, although this goal may be challenging to achieve.
Artisanal and small-scale mining provides jobs for over 1.2 million people, especially in rural areas.
Political instability and infrastructure issues pose significant challenges to the growth of the mining industry.
Recent technological advancements, like a digital mining system, are helping to modernize and improve the sector.
